New Port City in Guntur/Nizampatnam under progress ??

matreal · Joined: 19 Sep 2006 Posts: 4

I have seen many news articles on this (like the ones below). Also Government seems to have been allocated budget for this already. But if anybody has anything latest on this please post it.

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http://www.projectstoday.com/projects/Czech-Nizam-Port.asp
http://in.news.yahoo.com/060120/43/623lu.html
http://www.thehindubusinessline.com/2006/01/20/stories/2006012002332100.htm
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Bystander · Telugu Teja Joined: 13 Oct 2004 Posts: 438

Some further update:
http://www.blonnet.com/2006/04/11/stories/2006041101191900.htm

"SkodaExport to set up $1-b port complex in AP
Our Bureau

To create Nizampatnam Industrial Port Complex Co
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Future plans
The SEZ alongside the port complex will host a 250-MW captive coal-based power plant and a five-lakh-tonne per annum urea plant.
The project envisages modernisation of the existing harbour to a mid-sized port that has potential to handle bulk cargo, coal, granite, cement and agriculture products.
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Hyderabad , April 10,
Czech major SkodaExport Co Ltd has announced its plans to establish an integrated port complex at Nizampatnam, which will see an investment of about $1 billion (about Rs 4,500 crore) and include a special economic zone, a port, a 250-MW power plant and a urea manufacturing base.
The Czech company signed up with Infrastructure Corporation of Andhra Pradesh Ltd (Incap)on Monday and the two will create a special purpose vehicle — Nizampatnam Industrial Port Complex Company — Nipcco.
The Chief Executive Officer of SkodaExport, Mr Jaroslav Hubacek, told Business Line, "India has been identified as a strategic investment opportunity and we expect to take up more such projects. These include modernisation of Ennore power plant and setting up of a 3x210-MW power project in Jharkhand."
"The SEZ alongside the port complex will host a 250-MW captive coal-based power plant and a five-lakh-tonne per annum urea plant. While the detailed project report would be ready within a year, we expect to achieve financial closure shortly thereafter and complete these projects simultaneously by 2010," he said.
"While Incap equity would be through the land for the port complex and SEZ, we expect to rope in Czech Exim Bank, local banking and financial institutions and non-banking financial institutions to pump in funds as strategic investors in the project," Mr Hubacek said.
Referring to the Union Government policy on SEZs, Mr Hubacek said, "We were awaiting the clearance of this policy. The SEZs have immense potential and many companies in the areas of power plants, food processing and machine industries could come in and locate their facilities. We would also like to woo IT companies to the SEZ."
The project envisages modernisation of the existing harbour to a mid-sized port that has potential to handle bulk cargo, coal, granite, cement and agriculture products. The port will also serve a base to bring in imported coal for the power plant.
Asked the basis for selection of a port in this part of the world, Mr Hubacek said, "Our studies have indicated that there is huge potential for such a port as this is centrally located between Chennai and Vizag."
The Counsellor Commercial, Embassy of the Czech Republic, Mr Richard David, said the bilateral trade had immense potential to grow. With the establishment of such a port complex, this can only increase in the next few years. The bilateral trade is estimated at about $500 million now and is expected to touch $1 billion by 2010."

It will be worth buying land around Nizampatnam with 4-5 years perspective.-Cheers

Bystander · Telugu Teja Joined: 13 Oct 2004 Posts: 438

http://www.hindu.com/2008/03/21/stories/2008032153700500.htm

GUNTUR: The ball has been set rolling for establishing an industrial corridor between Nizampatnam and Vodarevu ports. The State Government recently inked a memorandum of understanding (MoU) with a United Arab Emirates- based RAK-Investment Authority and Matrix Export Private Limited to develop the corridor on a public-private partnership (PPP) basis and develop the Nizampatnam and Vodarevu ports at a stretch of 26 k.m.

The total investment in the project is expected to be Rs.16,800 crore and the scheduled period for the completion of project is six years.

Job opportunities

Sharing the details of the project, Minister for Infrastructure, Ports, and Airports Mopidevi Venkata Ramana Rao told reporters here on Thursday that the proposed corridor would have thermal and 2,100 M.W. gas-based power plants besides creating enormous employment opportunities.

The Detailed Project Reports (DPR) of the project is under preparation, he said.